Business Insolvency in Canada: a National and Regional Analysis for the Period 1987-2005

Prepared by the Economic Analysis Group
Business Intelligence Centre
Office of the Superintendent of Bankruptcy
December 2006

Table of contents

• 1  Introduction
  
  
• 2  Business insolvency in Canada, 1987-2005
  • 2.1  Overview
  • 2.2  Business bankruptcies and proposals
  • 2.3  Incorporated and unincorporated businesses
  • 2.4  Causes of business insolvency
  • 2.5  Incidence of insolvencies per thousand businesses
  • 2.6  The value of declared liabilities in business insolvency files
    
    
• 3  Business insolvencies in 6 major regions of Canada, 1987-2005
  • 3.1  Business insolvencies in British Columbia
  • 3.2  Business insolvencies in Alberta
  • 3.3  Business insolvencies in the Manitoba/Saskatchewan region
  • 3.4  Business insolvencies in Ontario
  • 3.5  Business insolvencies in Quebec
  • 3.6  Business insolvencies in the Atlantic region
    
    
• 4  Conclusion
  
  
• Appendix 1  Statistical sources and methodology

List of figures

• Figure 1:  Business insolvency, Canada 1987-2005
• Figure 2:  Business bankruptcies and proposals, Canada 1987-2005
• Figure 3:  Insolvencies of incorporated and unincorporated businesses, Canada 1987-2005
• Figure 4:  Incidence of insolvencies per 1,000 businesses, United States, Canada and regions, 1999 and 2005
• Figure 5:  Incidence of insolvencies per 1,000 businesses in 8 major economic sectors, Canada 1999 and 2005
• Figure 6:  Ratio of liabilities to GDP, Canada 1987-2005
• Figure 7:  Business insolvencies, British Columbia 1987-2005
• Figure 8:  Incidence of insolvencies per 1,000 businesses, 8 major economic sectors, British Columbia 1999 and 2005
• Figure 9:  Ratio of declared liabilities to GDP, British Columbia, 1987-2005
• Figure 10:  Business insolvencies, Alberta 1987-2005
• Figure 11:  Incidence of business insolvencies per 1,000 businesses, 8 major economic sectors, Alberta 1999 and 2005
• Figure 12:  Ratio of declared liabilities to GDP, Alberta 1987-2005
• Figure 13:  Business insolvencies, Manitoba/Saskatchewan 1987-2005
• Figure 14:  Incidence of insolvencies per 1,000 businesses, 8 major economic sectors, Manitoba/Saskatchewan 1999 and 2005
• Figure 15:  Ratio of declared liabilities to GDP, Manitoba/Saskatchewan 1987-2005
• Figure 16: Business insolvency, Ontario 1987-2005
• Figure 17:  Incidence of insolvencies per 1,000 businesses, 8 major economic sectors, Ontario 1999 and 2005
• Figure 18:  Ratio of declared liabilities to GDP, Ontario 1987-2005
• Figure 19:  Business insolvencies, Quebec 1987-2005
• Figure 20:  Incidence of insolvencies per 1,000 businesses, 8 major economic sectors, Quebec 1999 and 2005
• Figure 21:  Ratio of declared liabilities to GDP, Quebec 1987-2005
• Figure 22:  Business insolvencies, Atlantic region 1987-2005
• Figure 23:  Incidence of insolvencies per 1,000 businesses, 8 major economic sectors, Atlantic region 1999 and 2005
• Figure 24:  Ratio of declared liabilities to GDP, Atlantic region 1987-2005

List of tables

• Table 1:  Ratio of liabilities to GDP, 6 major regions of Canada
• Table 2:  Ratio of liabilities to GDP, 8 major economic sectors, Canada
• Table 3:  Ratio of liabilities to GDP, 8 major economic sectors, British Columbia
• Table 4:  Ratio of liabilities to GDP, 8 major economic sectors, Alberta
• Table 5: Ratio of liabilities to GDP, 8 major economic sectors, Manitoba/Saskatchewan
• Table 6:  Ratio of liabilities to GDP, 8 major economic sectors, Ontario
• Table 7:  Ratio of liabilities to GDP, 8 major economic sectors, Quebec
• Table 8:  Ratio of liabilities to GDP, 8 major economic sectors, Atlantic region